Is Fairfield Bay, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield Bay is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Fairfield Bay has remained a Seller's Market.

Key Takeaway

Fairfield Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fairfield Bay, AR

How much do homes in Fairfield Bay, AR cost?

Median Sold Price

$116,250

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$30,700(-20.9%)

Key Takeaway

Homes in Fairfield Bay have sold for 20.9% less than they did a year ago.

Summary: The median home sold price in Fairfield Bay was $116,250 in April 2024, down 20.9% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $94.5K$60.2K
-36.2%
2 $94.9K$105K
+10.5%
3 $146.9K$220K
+49.7%
4 $385K$122.9K
-68.1%
5+ $534.9K$820K
+53.3%

Summary: Fairfield Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.2%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 49.7%, 4 bedroom homes decreased by 68.1%, and 5+ bedroom homes increased by 53.3%.

Median Sold Price Compared To Nearby Cities

Indian Rock Township
-18.3%
Fairfield Bay
-20.9%

Housing Supply in Fairfield Bay, AR

How many homes are available in Fairfield Bay, AR?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7271-1.4%

Summary: The Fairfield Bay real estate market had 71 homes for sale in April 2024, a 1.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 88
0.0%
2 2424
0.0%
3 2726
-3.7%
4 78
+14.3%
5+ 65
-16.7%

Summary: The Fairfield Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield Bay, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Fairfield Bay in April 2024, down by 7.7% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.

Days on Market for Fairfield Bay, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Apr 1, 2024

Newest Listings in Fairfield Bay, AR

Nearby Markets to Fairfield Bay, AR

What housing markets are near Fairfield Bay, AR?